SNG 1.28% 7.7¢ siren gold limited

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  1. 1,476 Posts.
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    One thing I should correct from my previous post, which is very important, is that the 500metres down plunge doesn't mean 500metres vertical from surface.

    The shallow angle that the Alexander River high-grade gold shoots run, is in a shallow diagonal direction down plunge. (Between the black lines)

    Which makes it significantly easier and cheaper to mine than if it was vertical.





    SNG-AR-exploration-target-1-12million-Oz.png


    The advantage of this shallow diagonal angle is that you can mine 1,000metres of high grade gold quartz lode (1.128Million Oz worth today $A2.67Billion) and only be ~300-400metres from the surface, or 2,000metres (~2million Oz worth today $A4.9Billion) of high grade gold quartz lode and only be ~500-600metres from the surface.

    With Alexander River, the Bruno Shoot runs for 500+metres at the surface before the Loftus Mackay Shoot west-dipping drops only 100metres from the surface. Highlighted in Yellow with blue border.

    Siren Gold effectively has more than 1/2 a km of high-grade surface gold to mine at AR. (excluding the area at the top of AR between the Bruno Shoot and Bull Shoot.

    AR-Surface-Gold.png




    This is exactly the same for Blackwater next door, and Fosterville in Victoria.

    SNGQTR4.png

    AR-cf-fostervill1.png


 
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